Special Series: Economic Recovery Watch

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Results by year: 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008

  • Chart Book: The Legacy of the Great Recession
    Updated July 8, 2014

    The United States went through its longest, and by most measures worst economic recession since the Great Depression between December 2007 and June 2009. This chart book documents the course of the economy following that recession against the background of how deep a hole the recession created – and how much deeper …
  • Statement by Chad Stone, Chief Economist, on the May Employment Report
    Chad Stone
    June 6, 2014

    More than six years after the Great Recession and the worst jobs slump since the 1930s began, today’s jobs report shows that payroll employment has finally topped its level at the start of the recession (see chart).  Still, with essentially no net job growth since December 2007 but a …
  • Statement by Chad Stone, Chief Economist, on the April Employment Report
    Chad Stone
    May 2, 2014

    Today’s mixed jobs report shows a big jump in payroll employment but a sharp fall in labor force participation.  The labor market is clearly much stronger than in the depths of the Great Recession but still far from the “maximum employment” goal that Congress has mandated …
  • Statement by Chad Stone, Chief Economist, on the March Employment Report
    Chad Stone
    April 4, 2014

    Today’s solid jobs report shows a labor market that continues to improve gradually, but that remains far from healed.  With the share of the population with a job stuck at recession levels (see chart) and long-term unemployment still very high, it’s too soon for the Federal …
  • Statement by Chad Stone, Chief Economist, on the February Employment Report
    Chad Stone
    March 7, 2014

    With today’s jobs report, marking the fourth anniversary of the start of the private-sector jobs recovery (see chart), the pace of overall job creation (private plus government jobs) over that period has now averaged just 168,000 a month — well below the 200,000 to 300,000 jobs a month …
  • Statement by Chad Stone, Chief Economist, on the January Employment Report
    Chad Stone
    February 7, 2014

    Today’s jobs report offers mixed views of the job market, with employers reporting only modest additions to their payrolls but households reporting large employment gains.  The usually more reliable payroll survey portrays a labor market that is healing only slowly from the Great …
  • Statement by Chad Stone, Chief Economist, on the December Employment Report
    Chad Stone
    January 10, 2014

    Today’s surprisingly disappointing jobs report should temper recent optimism of an improving labor market in 2014.  The climb back to normal levels of employment remains steep.  Most notably, the labor force shrank, the share of Americans with a job remains near its low during …
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